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Confused homeowner seeks financial advice after buying house with prepaid solar lease: 'Enjoy having your free electricity'

Despite their confusion, the original poster lucked out.

Despite their confusion, the original poster lucked out.

Photo Credit: Depositphotos.com

While most people who own solar panels opted to get them and knew what they're getting into, some stumble upon them by chance. 

One confused new homeowner reached out to the online community for help when they weren't sure what their new solar purchase entailed.

"Just closed on a house with leased Sunrun," said the original poster. "Owner bought out lease in escrow. I'm not sure what to do next. Advice?"

According to the original poster, the house is in Carlsbad, California. They had never owned solar panels before and weren't sure how to maintain them, monitor their performance, or even what kind of documentation they needed for the array.


Despite their confusion, the original poster lucked out by getting a house with paid-off solar panels already installed. Solar is one of the best ways to save money on your home energy bill, not to mention the immense benefits for the environment it provides, since you're producing clean energy right at home. 

With the right setup, you can significantly reduce or even eliminate your power bill, paying back the cost of the solar panels and more over the system's lifetime. 

However, installing solar panels yourself is a sizable investment, and for some people, it's too much to spend all at once. Leasing is a great middle ground that lets you access the benefits without the upfront costs.

If you think solar leasing might be for you, check out Palmetto's LightReach solar leasing program. 

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Get $1,000 cash to slash your bills with rooftop solar panels for $0 down and low monthly payments

Whatever your solar budget, Palmetto can help you save.

If you want to buy your own panels, Palmetto's advisors can help you save up to $10,000 on installation through a network of preferred installers. And if you'd rather get solar savings without upfront costs, Palmetto's revolutionary LightReach subscription program can deliver — including an exclusive $1,000 cashback offer for TCD readers.

LightReach lets you lease solar panels with no money down, making it painless to lock in long-term savings of up to 33% off your current power bill. Palmetto covers a 25-year warranty for the panels, which means you'll get reliable performance without unforeseen costs.

To get started, just book a short meeting with Palmetto's experts to explore your options and find the solution that's right for you.

If you want to make a purchase outright, look for your next installer and compare quotes through EnergySage's free online tools. If you need help deciding between leasing through Palmetto and solar installation, consider this breakdown of the benefits.

Some people hesitate to install solar because they worry that it will be harder to sell their home with panels attached. But in reality, many buyers are seeking the peace of mind and lower bills that come with this home energy upgrade. 

No matter how you slice it, it is a smart investment!

"Enjoy having your free electricity," one commenter replied to the concerned Redditor.

Which of these factors is the biggest obstacle preventing you from getting solar panels?

The upfront cost 💰

The way they look 🙈

Not sure where to start 🤔

No concerns here! 😄

Click your choice to see results and speak your mind.

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